400-sq ft flat in T. Nagar at ?7 lakh? Study shows how400-sq ft flat in T. Nagar at ?7 lakh? Study shows how

As many as 16.68 lakh new houses could be developed in the city for low income groups and economically weaker sections with policy changes on town planning and more support from corporate social responsibility initiatives, according to a study by the Mylapore Institute for Policy Research (MIPR).

The proposal is to develop slums in the same locality with a minimum FSI (Floor Space Index) concession of 3. A goal will be resettling slum residents in-situ at no cost to them in approximately 60% of the built-up area with the remaining 40% to be sold on a lottery basis to economically weaker sections at a discounted price.

 Exemption mooted

The study on affordable housing has pointed to two models — ownership and rental. In the rental model, the land-owning agencies continue to own the land. “Over 3.04 lakh households have been identified in 1,131 slums in the city. As many as 8.34 lakh housing units could be constructed with an FSI of 1.5,” said R. Ajay...Read more


Source web page:The Hindu

Comments (0)

Please Login or Register to join groups